Why Has DiDi Global Inc.’s (NYSE: DIDI) Share Price Dropped So Much? – Stocks Register
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Why Has DiDi Global Inc.’s (NYSE: DIDI) Share Price Dropped So Much?

DiDi Global Inc. (NYSE:DIDI) price closed higher on Monday, September 13, jumping 1.40% above its previous close.

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A look at the daily price movement shows that the last close reads $8.55, with intraday deals fluctuated between $8.25 and $8.75. Taking into account the 52-week price action we note that the stock hit a 52-week high of $18.01 and 52-week low of $7.16. The stock subtracted -1.59% on its value in the past month.


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DiDi Global Inc., which has a market valuation of $44.02 billion. Analysts tracking DIDI have forecast the quarterly EPS to shrink by -0.41 per share this quarter, while the same analysts predict the annual EPS to hit -$0.08 for the year 2021 and up to $0.13 for 2022.

On average, analysts have forecast the company’s revenue for the quarter will hit $7.46 billion, with the likely lows of $7.46 billion and highs of $7.46 billion. Staying with the analyst view, there is a consensus estimate of $31.08 billion for the company’s annual revenue in 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned DIDI a recommendation rating as follows: 0 rate it as a Hold; 0 advise Buy while 2 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the DiDi Global Inc. (DIDI) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that DIDI’s price is at present 2.94% off the SMA20 and -11.69% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.54, with weekly volatility standing at 7.70%. The indicator jumps to 7.16% when calculated based on the past 30 days. DiDi Global Inc. (NYSE:DIDI)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.63. Considering analysts have assigned the stock a price target range of $121.53-$161.42 as the low and high respectively, we find the trailing 12-month average consensus price target to be $141.47. Based on this estimate, we see that current price is roughly -1301.73% off the estimated low and -1761.82% off the forecast high. Investors will no doubt be excited to see the share price fall to $141.47, which is the median consensus price, and at that level DIDI would be -1531.72% from current price.

An analysis of the DiDi Global Inc. (NYSE:DIDI) stock in terms of its daily trading volume indicates that the 3-month average is 52.66 million.

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Current records show that the company has 5.08B in outstanding shares. The percentage share held by institutions stands at 9.80%. But the -38.68% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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